INDIANAPOLIS –The former General Motors Indianapolis Stamping Plant property is once again open for redevelopment proposals. RACER Trust, which is charged with clean-up and marketing efforts for dozens of old GM properties, says a plan from Carmel-based REI Investments that included a 10,000-seat outdoor entertainment venue has been nixed. The trust says the decision to terminate the contract was mutual and it is “prepared to move quickly” on new proposals.

State and local officials will join executives from Sirmax North America, Inc. Wednesday in Anderson to break ground on a new production facility. The unit of Italy-based Sirmax, Inc. announced plans in January plans to invest more than $25 million to build its first North American production operation in the Madison County city. The 141,000 square foot facility is expected to be operation this fall and create 50 jobs with salaries averaging $40,000 annually. Read more…